Iron or steel fasteners market in Russia

Earlier Report Observations

From 2018 to 2020, the Russian fastener market remained stable at around 600 K t. This period was characterized by sanctions pressure and a policy of import substitution, which reduced reliance on imports as state-owned and private companies actively expanded domestic production. The COVID-19 pandemic in 2020 caused temporary supply and logistics disruptions, but government support measures helped maintain industrial output.

The market surged to 698.8 K t in 2021, driven by rising demand from the construction and machinery sectors. New labeling and certification requirements were also introduced to improve product quality and safety. However, in 2022, tightened sanctions and import restrictions led to a significant market decline to 618.1 K t, despite ongoing development of domestic high-strength fastener production and further regulatory changes.

A strong recovery followed, with the market reaching 808.5 K t in 2024. This growth was fueled by dynamic expansion in construction, particularly in individual housing projects, and by increasing demand for supply chain stability and locally produced fasteners. Domestic production expanded notably, peaking at 395.0 K t in 2024 before declining to 328.8 K t in 2025.

Production iron or steel fasteners in Russia

In kind, 2018-2021, K t

In 2021, Russia produced 301.4 thousand tons of iron or steel fasteners, marking a moderate 10.0% increase from the previous year. Looking at the period from 2018 to 2021, production grew by 9.3%, which translates to an average annual growth rate of 3.0%. The lowest production level was recorded in 2020 at 274.1 thousand tons, with the largest decline of 1.5% also occurring that year.

Annual dynamics of production in Russia in kind, 2018-2021, K t

Exports iron or steel fasteners from Russia

Exports in kind, K t

Russia's exports of iron or steel fasteners have increased for the second year in a row. In 2021, the country exported 36.9 thousand tons, showing a slight rise of 1.7% compared to 2020. Over the 2018-2021 period, exports grew by 4.5%, averaging 1.5% per year. The lowest export volume was in 2019 at 35.3 thousand tons, with the largest decline of 0.2% also recorded that year. The most significant increase occurred in 2020, with a 2.9% rise.

Annual dynamics of product's exports from Russia in kind, 2018-2021, K t

From 2018 to 2021, Kazakhstan, Belarus, and Uzbekistan remained the top buyers of iron or steel fasteners from Russia. Kazakhstan accounted for 32.1% of exports in volume, Belarus for 27.9%, and Uzbekistan for 9.0%. Together, these three countries represented 69.0% of Russia's total exports in this category.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Russia in kind, 2018-2021

Exports in value, M $ US

In 2021, Russia exported iron or steel fasteners worth 118 million US dollars, a strong increase of 28.2% compared to 2020. Over the 2018-2021 period, export value rose by 24.6%, with a compound annual growth rate of 7.6%. The lowest value was recorded in 2020 at 92 million US dollars, which also saw the largest decline of 4.5%.

Annual dynamics of product's exports from Russia in value, 2018-2021, M $ US

During 2018-2021, Kazakhstan, Belarus, and Germany were the key partners for Russia's exports of iron or steel fasteners in value terms. Kazakhstan contributed 26.4% of export value, Belarus 21.9%, and Germany 6.3%. Collectively, these three countries accounted for 54.7% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Russia in value, 2018-2021

Imports iron or steel fasteners to Russia

Imports in kind, K t

After two years of decline, imports of foreign iron or steel fasteners into Russia have rebounded. In 2021, Russia imported 427.5 thousand tons, representing a solid 18.0% increase from the previous year. From 2018 to 2021, imports grew by 17.1%, averaging 5.4% annually. The lowest import volume was in 2020 at 362.2 thousand tons, with the largest decline of 0.7% also occurring that year.

Annual dynamics of product's imports to Russia in kind, 2018-2021, K t

Between 2018 and 2021, China, Belarus, and Asia (not elsewhere specified) were the main sources for Russia's imports of iron or steel fasteners in volume. China accounted for 69.4% of imports, Belarus for 9.7%, and Asia (not elsewhere specified) for 5.7%. Together, these three sources made up 84.7% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Russia in kind, 2018-2021

Imports in value, M $ US

In 2021, Russia imported iron or steel fasteners valued at 1 136 million US dollars, indicating a sharp rise of 36.9% compared to the previous year. Over the 2018-2021 period, import value increased by 32.9%, with an average annual growth rate of 9.9%. The lowest value was recorded in 2020 at 830 million US dollars, which also experienced the largest decline of 7.5%.

Annual dynamics of product's imports to Russia in value, 2018-2021, M $ US

Throughout 2018-2021, China, Germany, and Asia (not elsewhere specified) formed the key group of partners for Russia's imports of iron or steel fasteners in value terms. China accounted for 42.7% of import value, Germany for 10.5%, and Asia (not elsewhere specified) for 5.9%. Collectively, these three partners represented 59.0% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Russia in value, 2018-2021